the SEC rule prohibiting the employment of manipulative or deceptive practices in connection with the purchase or sale of any Security. This is one of the most important SEC rules. It prohibits any act that would operate as fraud or deceit in connection with the purchase or sale of any Security, including insider trading, and contains the infamous prohibition on making “any untrue statement of a material fact or [omitting] to state a material fact necessary in order to make the statements made, in light of the circumstances under which they were made, not misleading.”
Latham & Watkins is pleased to provide our Book of Jargon® — Hedge Funds. The Book of Jargon® — Hedge Funds
is a comprehensive glossary of hedge fund slang, legal and regulatory terminology, and acronyms.
For more information please visit: www.lw.com